Nava Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 03, 2023 at 02:30 am
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Nava Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 8,800.06 million compared to INR 9,499.18 million a year ago. Revenue was INR 10,208.09 million compared to INR 10,053.67 million a year ago. Net income was INR 2,450.43 million compared to INR 1,685.58 million a year ago. Basic earnings per share from continuing operations was INR 16.82 compared to INR 11.55 a year ago. Diluted earnings per share from continuing operations was INR 16.82 compared to INR 11.55 a year ago. Basic earnings per share was INR 16.87 compared to INR 11.60 a year ago. Diluted earnings per share was INR 16.87 compared to INR 11.60 a year ago.
For the nine months, the company reported sales was INR 26,467.07 million compared to INR 23,311.95 million a year ago. Revenue was INR 29,385.72 million compared to INR 25,061.19 million a year ago. Net income was INR 6,810.17 million compared to INR 2,450.96 million a year ago. Basic earnings per share from continuing operations was INR 46.65 compared to INR 16.69 a year ago. Diluted earnings per share from continuing operations was INR 46.65 compared to INR 16.69 a year ago. Basic earnings per share was INR 46.89 compared to INR 16.87 a year ago. Diluted earnings per share was INR 46.89 compared to INR 16.87 a year ago.
NAVA Limited is an India-based ferro-alloy producer. The Company is primarily engaged in the business of manufacture and selling of ferro alloys, generation of power, and operation & maintenance services for power assets. The Companyâs segments include Ferro Alloys (FAP), Power, and Mining. Ferro Alloys (FAP) segment which produces various alloy metals through ferro chrome, silico manganese and ferro silicon and also carrying conversion work on job work basis to others. Power segment which generates thermal energy for captive use and also for outside sale. Mining Segment wherein coal is mined for captive use and also for outside sale. The Company produces and supplies approximately 200,000 tons of ferroalloys. It operates two Ferro alloy plants in India one in Paloncha, Telangana, and another in Kharagprasad, Odisha. Its subsidiaries include Nava Bharat Projects Limited, Nava Bharat Energy India Limited, Brahmani Infratech Private Limited, and Nava Bharat (Singapore) Pte. Limited.
NAVA LIMITED 
